Planet Fitness preps debut ABS

Planet Fitness is issuing a whole business securitization, a first for the North American fitness franchise.

By Fotios Tsarouhis

10 Jul 2018

The Hampton, New Hampshire-based company will use the proceeds of the $1.225bn corporate ABS issue to refinance its $708m of term loan debt and for “general corporate purposes” that include returning capital to shareholders.

The securitization is backed by the company’s US franchise agreements and vendor contracts, as
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